Long
Zomoto Up for Swing Trade
Zomato Ltd, CMP: 235.02
Chart Structure has signs of bottoming out at 203-205 levels and tested support twice. The present momentum will retrace before it expand to final target of 270-279 levels. Look for below key levels.
First Resistance: 248-250
Entry levels (Retrace back levels): 217-211
Stop loss: 209 (closing basis)
Target: 270-279
Chart Structure has signs of bottoming out at 203-205 levels and tested support twice. The present momentum will retrace before it expand to final target of 270-279 levels. Look for below key levels.
First Resistance: 248-250
Entry levels (Retrace back levels): 217-211
Stop loss: 209 (closing basis)
Target: 270-279
- For More Trading Ideas, LIKE SHARE & FOLLOW My Idea Stream
Note
Current prices are (CMP: 215:19) is at very lucrative levels, 50% of the targeted investment can be done at these levels. 
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.